XRP Traders Anticipate Explosive Rally to $5.85 as Key Support Holds Strong! | 2025
XRP Traders Anticipate Explosive Rally to $5.85 as Key Support Holds Strong!
XRP’s price is currently trading 28% above its recent lows of $1.94, which were reached on February 28. Over the last 24 hours, the altcoin has seen a significant increase of 6.5%. Traders remain hopeful for a rally as XRP holds above a crucial support level, which corresponds to the 38.2% Fibonacci retracement of the November rally.
Key Support Levels and Market Analysis
Market analyst Dark Defender believes that this support level marks the “Wave 2 bottom,” and he is optimistic that XRP will soon move toward the target of $2.60. According to his analysis, the critical levels to monitor on the downside are $2.33 and $2.22. Maintaining these levels is essential for XRP to continue its wave structure, with the anticipated fifth wave aiming for a remarkable $5.85. Such a price movement would represent an impressive 132% gain from the current price.
Historical Context and Fibonacci Extensions
Dark Defender points out that XRP has previously followed a similar Fibonacci extension pattern in 2017, where it breached the 161.8% extension level before experiencing a parabolic surge toward the 223.6% Fibonacci extension level. This historical context adds weight to the current bullish sentiment among traders.
Increased Investor Activity and Market Sentiment
Recent on-chain data from market intelligence firm Glassnode indicates a significant surge in active XRP addresses, which have skyrocketed by an astonishing 680% in the past week. The number of active addresses jumped from 59,900 on February 27 to an impressive 468,171 by March 4. This surge in activity suggests a growing interest in XRP among investors.
Whale Activity and Market Dynamics
Popular analyst Brett has also noted that whale activity has increased alongside the rising on-chain activity. Large investors have reportedly acquired approximately 1 billion XRP tokens within the last 24 hours. This surge in whale activity, combined with the increase in daily active addresses, which exceeded 135,000 on March 4, signals a heightened interest in the altcoin.
Conclusion: What Lies Ahead for XRP?
As XRP continues to hold above key support levels, traders are eagerly watching for potential price movements. The combination of increased investor activity, whale purchases, and historical patterns suggests that XRP could be on the verge of a significant rally. However, it is crucial to remember that every investment and trading decision carries inherent risks. Readers are encouraged to conduct their own research before making any financial decisions.
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